July 24, 2019
Understanding and
Using Financial Statements
Sponsored by
A Free workshop from SCORE!
Financial Statements are the "Report Card" of your business. Learn how to read and use financial statements to better manage your business. This workshop is for those with no prior accounting knowledge. We start with the basics.
For existing business owners and new start-ups...a "must-attend" event.
This is accounting for non-accounting people - learn the language of business. Learn how to analyze your business, increase your profits, forecast your business future and create documents you will need for financing.
Who should attend?
- Business owners and those responsible for the financial aspects of the business.
What we will cover:
- We provide an easy-to-understand overview of the key financial statements
1. Income Statement (Profit & Loss)
2. Balance Sheets
3. Cash Flow - We will define and demonstrate the concepts of
1. Cash and Accrual Accounting
2. Gross Profit Margins
3. Equity and Debt
4. Cash Management & Net Worth
5. Budgeting
Presented by:
Bill Petrovic, a graduate of the Kelley School of Business, Indiana University, where he earned both an MBA and Doctorate. For 31 years he worked for Roche Diagnostics where he held a number of positions in the financial area including Controller and Vice President and Treasurer. Most recently Bill has taught in both the undergraduate and MBA programs for the Kelley School of Business in Bloomington. Bill has been a SCORE Mentor for six years and understands the financial needs of small businesses.